St Matthew'5 Church, Parlsh of Keady Statement of Financial Activity (Recelpts and Payments Account) for the Year Ended 31 December 2023 Note Unrestricted Funds Restrlcted Funds Endowment Funds Totsl 2023 Total 2022 Re￿Ipts Donation5 & Legacies Charitable Activities Other Trade Activities Investment income Other Income 27,833 45,690 4,938 604 4,272 27,833 45,690 4,938 3,485 4,272 22,223 22,992 4,938 14,373 3,117 2,881 Total Receipts 83,337 2.881 86,218 67,643 Payments Charitable Activitie5 Shares Purchased 36,319 30 12,000 36,349 12,000 52,900 Total Payments 36,319 12,030 48,349 52,900 Net Receipts I Payments Transfers net 47,018 19,1491 37,869 14,743 Net movement in funds 47,018 19,1491 37,869 14,743 Funds brought fO￿ard 01 january 2023 11,4641 147,521 17,059 163,116 148,373 Dedurt non cashlbank related Endowment Funds Fund5 carried forward 31 December 2023 45,554 147,521 7.910 200,985 163,116 St Matthew's Church. Parish of Keady Statement of A￿ets and Llabilities as at 31 December 2023 Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Funds Reconciliation Bank and cash at start of year 11,4641 147,521 17,059 163,116 148,373 Net movement in fund5 47,018 19,1491 37,869 14,743 8ank & cash at end of year 45,554 147,521 7,910 200,985 163,116 Bank & Cash Balances Bank Dep051t Account5 Bank Current Accounts 77,834 8,564 47,329 8,413 Total 86,398 55.742 Other A55ets Fixed Assets Church Premlses Heritage Heritage Other Investments 147,521 147.521 Total Assets 233.919 203,263 Liabilities Loans io 32,934 40.147 Total Assets Le55 Liabilities 200,985 163.116 Approved by trustee5 on 17/1012024 and signed on its behalf by.. Trustee Trustee Date.. 1711012024 Date.. 1711012024 St Matthew's Church. Parish of Keady Notes to the Accounts- Year Ended 31 Decernber 2023 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregatlon is less than £250,000 the congregation have elected in accordance wlth the provislons in The Charities IAccount5 and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. FUND ACCOUNTING Restricted fund5 comprise lal income from endowments which is to be expended only on the restricted purposes intended by the donor and Ibl revenue donatlons or grants for a specific congregational activlty Intended by the donor. Where these fvnds have unspent balances, Interest on thelr pooled investment15 apportloned to the Indlvldual funds on an average balance ba515. Unrestricted funds are income funds which are to be spent on the congregatlon's general purposes. Designated funds are general funds set aslde by the congregation for use In the future. RECEIPTS 2. DONATIONS & LEGACIES Unrestricted Funds Restricted Funds Endowment Fund5 Totsl 3111212023 Donations and Gifts Gift Ald Legacy and Bequests 23,359 4,374 loo 27.833 23,359 4,374 loo 27,833 3. CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Endowment Fund5 Total 3111212023 Charitable Activities Wedding and Funeral Fees Power Nl Energy Grant Grants for Replacement Roof Benefact Trust Grant GarPield W5eton Foundatlon Esma Mitchel Trust 19,770 720 1,200 19,770 720 1,200 4,000 10,000 10,000 4,000 10,000 10,000 45.690 45,690 4. OTHER TRADE AcfiviTIES Unrestricted Funds Restricted Funds Endowment Funds Total 3111212023 Glebe Lands Conacre Income 4,938 4,938 4,938 4,938 5. INVESTMENT INCOME UnrestTlCted Fund5 Restrlcted Funds Endowment Funds Total 3111212023 Dep051t Interest Dividends 604 2,872 2,872 604 2,881 2,881 St Matthew'5 Church, Parlsh of Keady Notes to the Accounts- Year Ended 31 December 2023 RECEIPTS ICONT.) 6. OTHER INCOME Unrestricted Funds Re5trfcted Funds Endowment Funds Total 3111212023 Armaghbreague Derrynoose Newtownhamllton Use of Hall 936 914 2,282 140 4,272 936 914 2.282 140 4.272 PAYMEKrs 7. CHARITABLE AcfiviTES Unrestricted Funds Restricted Fund5 Endowment Funds Total 3111212023 Ministry and Support Staff Congregational running expenses Donations to Missions and Charitles Governance C05t5 261 31,550 3,908 60D 261 31,580 3,908 600 30 36.319 30 36,349 8. FIXED ASSErs The a55ets retained for the Parish's own use include the.. Parish Centre. Glebe House; Fixtures and Flttlngs. All these assets retained for the Parish's own use are Heritage. 5t Matthew's Church. Parish of Keady Notes to the Accounts- Year Ended 31 December 2023 9. FUND BALANCES Balance at start Receipts Payment5 Surplus/ (Deficitl Trdnsfers nett Balance at end Unrestritted Funds Current Account Investment Roofing Account Church Loan Bounce Back Loan Interest Free Loan 8,413 30,270 16,6211 114,5261 119,0001 38,633 44,704 35,594 3,039 44,704 14141 13111 12.8881 15,0501 3,885 4,053 8,564 69,924 13,1501 110,7841 119,0001 414 311 11,4641 83,337 36,319 47,018 45,554 Restricted Funds Other Usted Investments Investments In RCB I CIT Unit Tru5t5 97,475 50,046 97,475 50,046 147,521 147,521 Endowment Funds Investment l Mccabe Account 17,059 2,881 12,030 19,1491 7,910 17,059 2,881 12,030 9,1491 7.910 Total Funds 163,116 86,218 48,349 37,869 200,985 10, LIABILITIES Bank Loans Owed at Year End Ye 31.12.2023 Ye 31.12.2022 3,150 6,621 10,784 14,526 19,000 19,000 Danske Bank Loan for Church Bounce Back Loan Annon Loan 32,934 40,147